Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Pulaski Financial Q2 earnings up

Pulaski Financial, the holding company for Pulaski Bank, has reported a net income of $2.5 million for the second fiscal quarter ended March 31, 2008, compared with the earnings of $2.2 million for the same quarter of 2007.

Net interest income increased $1.9 million, or 27% to $8.9 million for the quarter compared to the corresponding quarter of 2007.

According to Pulaski, the results were driven by continued growth in the average balance of loans receivable, which increased $186.6 million, or 22% to $1.04 billion during the quarter.

For the six months ended March 31, 2008, earnings were $5.3 million, or $0.52 per diluted share, compared with the earnings of $0.46 per diluted share for the comparable period in 2007. For the period, net interest income increased $3.2 million, or 22.9% to $17.1 million.

Lee Wielansky, chairman of Pulaski Financial, said: We are very encouraged by emerging results so far this year and we are cautiously optimistic that these trends will continue.